On December 27, 2017 the Consumer Financial Protection Bureau(CFPB) launched its HMDA Check Digit Tool and Rate Spread Calculator. These tools, or similar tools, are needed to assure compliance with new HMDA data collection rules that are effective on January 1.2018.

HMDA Check Digit Tool – The Check Digit Tool:

Generates a two character check digit when you enter a Legal Entity Identifier (LEI) and loan or application ID; and

Validates that a check digit is calculated correctly for any complete Universal Loan Identifier (ULI) you enter.

CFPB Rate Spread Calculator – The CFPB Calculator provides rate spreads for HMDA reportable loans with a final action date on or after January 1st, 2018. For loans with a final action date before January 1st, 2018 use the FFIEC Rate Spread Calculator.